PhonePe Pockets ₹486 Cr as It Cuts MapmyIndia Stake; Mutual Funds Lap Up Shares

Unknown Apr 02, 2026 500 Views

PhonePe payments giant offloaded a 5 % stake in CE Info Systems (MapmyIndia) in block deals on Thursday, raising nearly ₹486 crore and driving the mapping-tech stock nearly 9 % down by the close. PhonePe sold close to 27.2 lakh shares at an average price of ₹1,786 per share, diluti...